At a compound annual growth rate (CAGR) of 10.1 percent, the size of the worldwide agricultural implement market is anticipated to increase from $224.71 billion in 2021 to $247.48 billion in 2022. At a CAGR of 9.0 percent, the size of the global market for agricultural implements is predicted to increase to $349.6 billion in 2026.
The Agricultural Implement Global Market Report 2022 is available in the research report store of The Business Research Company. Given that it covers 60 different geographic areas, it is the most thorough report on the subject currently accessible. The regional and country breakdowns section provides a market analysis for each geography as well as market size information by region and country. Additionally, it contrasts past and projected industry growth and identifies significant patterns and tactics that market participants might use.
The market for agricultural implements consists of sales of farm machinery and equipment, lawn and garden tractors, and domestic lawn and garden equipment by organizations (sole proprietorships or partnerships) that produce agricultural implements, such as combines, cotton ginning machinery, fertilizing machinery (farm-type), haying machines, milking machines, planting machines (farm -type), poultry brooders, feeders, and waterers, power lawnmowers, snowblowers, and throwers ( (lawn and garden-type and farm-type).
Deere & Company, Kubota Corp, CNH Industrial NV, AGCO Corporation, EXOR Group, Claas KGaA mbH, The Toro Company, Tetra Laval International S.A, Bucher Industries AG, and Techtronic Industries Co. Ltd. are a few significant market participants for agricultural implements.
Argentina, Australia, Belgium, Brazil, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand,
Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa are the regions included in the global market for agricultural implements.